Drink this: Caffeine high to cost more

The markets have some bad news for coffee drinkers: Coffee prices are rising fast.

J. M. Smucker, the maker of top-selling Folgers coffee, announced Tuesday it’s hiking the price on most of its U.S. packaged coffee by an average of 9%. That’s the biggest price hike since 2011.

What’s the blame? Skyrocketing prices for coffee beans, largely due to a drought in Brazil, where many of the bears Folgers uses come from. Prices on the arabica coffee beans used by Folgers are up 90% within three months, says Reuters.